Cloud & SaaS Acquisitions in Washington

Exa Capital has acquired StaffReady, a cloud-native SaaS platform for clinical workforce management used by hospitals, laboratories, pharmacies and other healthcare organizations. StaffReady will continue to operate independently under its existing leadership while leveraging Exa Capital's strategic and operational resources to support product innovation and long-term growth. The deal expands Exa Capital's presence in healthcare technology and the clinical workforce management segment.

WIT has acquired the Tally Platform, a real-time audience engagement and gamification technology, to strengthen its digital engagement and data-capture capabilities. As part of the deal Tally CEO Bradley Vettese joins WIT as Chief Growth Strategist, enabling WIT to integrate Tally's real-time features across its global partner network and expand its branded activation offerings.

UKG has acquired Shiftboard, a Seattle-based employee scheduling software provider serving mission-critical operations in oil & gas, energy, and manufacturing. The acquisition, completed May 30, 2025, will integrate Shiftboard's industry-specific scheduling engine and AI-driven capabilities into UKG's Pro Workforce Management suite to expand UKG's capabilities for regulated, 24/7 operations.

EQT VII has agreed to sell Acumatica, a cloud-native ERP and business management software provider, to Vista Equity Partners. The transaction, expected to close in Q3 2025, transfers ownership as Vista aims to continue scaling Acumatica's product innovation, partner ecosystem and AI-enabled capabilities.

Main Capital Partners has made a majority investment in Fraxion and completed the add-on acquisition of Centreviews, combining cloud-based procurement and AP automation software to create an end-to-end procure-to-pay offering. The combined business serves roughly 500 customers across 25 countries and is the first add-on to Fraxion as Main pursues a buy-and-build strategy in financial-administrative software.

Gainsight acquired Skilljar, a leading external Learning Management System (LMS) provider, to integrate customer education into its Customer OS and accelerate AI-powered, contextual learning. The acquisition (announced April 2, 2025) expands Gainsight's product capabilities, brings Skilljar's ~400+ customers into the portfolio, and follows Lincoln International serving as Skilljar's exclusive financial advisor.

Funds managed by Blackstone and Vista Equity Partners completed the take-private acquisition of Smartsheet for approximately $8.4 billion. Smartsheet stockholders received $56.50 per share; the buyers said they will invest to drive product innovation, expand Smartsheet's collaborative work management platform and scale its international business.

This source is an interview with Tim Schumacher describing saas.group’s approach to acquiring bootstrapped SaaS businesses rather than announcing a specific transaction. saas.group prefers profitable, growing SaaS companies with roughly $1–10M ARR in general productivity, developer, or online marketing tooling, focusing on customers in North America and Western Europe.

Chronus, the Seattle-based employee development and mentoring platform, has acquired Imperative, a purpose-activation and employee engagement software provider. The deal brings Imperative’s Purpose Assessment and guided-conversation technology into the Chronus platform and integrates Imperative’s employees into Chronus to expand its capabilities for driving employee engagement.

Spire Capital Partners announced a strategic growth investment in WatchMeGrow, a Lacey, Washington–based SaaS provider of secure video, safety/compliance, and business intelligence software for education, student enrichment, pet care and other enterprise sectors. The partnership will support WatchMeGrow's product and analytics expansion as the company scales its platform (serving nearly 3,000 locations) across education and adjacent end markets.

Nexa Equity has made a $31 million growth investment in Easy Metrics, a Bellevue-based labor analytics and warehouse performance management SaaS provider. The funding will be used to accelerate product development, expand the team, and pursue strategic acquisitions to scale Easy Metrics' platform across warehouses and manufacturers.

Kyndryl announced it has acquired privately held Skytap to expand its hybrid cloud and workload migration capabilities, and separately entered a definitive agreement to sell its Securities Industry Services (SIS) business in Canada to Broadridge Financial Solutions. The moves are part of a portfolio optimization to deepen Kyndryl's mission-critical cloud offerings while divesting a noncore transaction-processing platform.

DocuSign has agreed to acquire Lexion, a Seattle-based AI-powered contract and agreement management startup, for $165 million in cash. The acquisition will fold Lexion's AI-driven contract understanding, drafting and workflow capabilities into DocuSign's Intelligent Agreement Management (IAM) platform to accelerate product innovation and deepen AI capabilities for customers.

Rubicon Technology Partners has made a strategic majority investment in Vimly Benefit Solutions to accelerate the company’s go-to-market expansion, product innovation, and pursuit of acquisition opportunities. The investment positions Vimly — a cloud-based HRIS and benefits administration SaaS provider — to scale its SIMON platform and expand solutions for carriers, brokers, employers and employees.

Blackhawk Network (BHN) has entered into a definitive agreement to acquire digital B2B gift card and rewards platform Tango Card to enhance BHN’s global rewards and incentives capabilities. The deal, which builds on BHN’s prior investment relationship with Tango and Tango’s 800% growth since FTV Capital’s 2018 investment, is subject to regulatory approvals related to money transmitter licenses and is expected to close later in the year.

7GC & Co. Holdings Inc. (a Nasdaq-listed SPAC) completed a business combination with Banzai International, Inc., and Banzai began trading its Class A common stock and warrants on Nasdaq under the tickers BNZI and BNZIW on December 15, 2023. The transaction provides Banzai with public market access to accelerate its strategy of consolidating the fragmented marketing-technology (MarTech) SaaS market.

Nintex has reached a definitive agreement to acquire Skuid, a low-code cloud platform that enables operational leaders to design and deploy business applications without code. The acquisition will combine Skuid’s design-centric low-code capabilities with Nintex’s process intelligence and automation portfolio to deliver integrated app development and workflow automation for enterprise customers; the deal is expected to close in the coming weeks.

Ncontracts, a Gryphon Investors–backed provider of risk, vendor and compliance SaaS, has acquired Quantivate, a governance, risk and compliance (GRC) software provider for banks and credit unions. The add-on expands Ncontracts' SaaS and knowledge-as-a-service offerings, increasing the combined company to roughly 350 employees and a customer base of more than 4,000 financial institutions.

Resurgens Technology Partners has completed the acquisition of Valant Medical Solutions, a Seattle-based SaaS electronic health record and practice management provider for behavioral health practices, from Gemspring Capital. Terms were not disclosed; Resurgens invested alongside Operating Partner Trey Carter, who will join Valant's board to help accelerate growth and product adoption.

Hyperproof, a Bellevue-based SaaS risk and compliance management platform, closed a $40 million growth investment led by Riverwood Capital with participation from existing investor Toba Capital. The funding will be used to expand Hyperproof's enterprise-grade offerings, accelerate product development (including AI-driven automation) and scale the company's go-to-market for mid-market and large enterprise customers.

IBM has acquired Apptio Inc. from Vista Equity Partners for $4.6 billion, adding Apptio's FinOps and cloud cost-management SaaS capabilities to IBM's IT automation and watsonx AI portfolio. The deal is intended to create a 360-degree technology business management platform, drive synergies across IBM's automation, Red Hat and consulting businesses, and augment IBM's AI/data capabilities with Apptio's anonymized IT spend data.

Software Growth Partners (SGP) made a majority investment in ClearlyRated to accelerate the growth of ClearlyRated’s customer experience (CX) and reputation management SaaS platform for B2B professional services firms. The capital and operational support from SGP will be used to accelerate product development, scale sales and marketing, and expand ClearlyRated’s experience and reputation management capabilities.

Taxually, a European cloud-native VAT software provider, has acquired LumaTax, a U.S.-based sales and use tax automation provider. The deal enables Taxually to enter the U.S. SUT market, expand its indirect tax product suite for enterprise and e-commerce clients, and combine engineering and tax expertise across both platforms.

Alchemer has acquired Apptentive, a Seattle-based leader in mobile feedback technology, to integrate mobile-first feedback capabilities into its enterprise experience management platform. The deal expands Alchemer's ability to collect in-app feedback and provides Apptentive customers access to Alchemer's survey, workflow and integrations with platforms like Salesforce, Microsoft Teams, and Slack.

GTY Technology Holdings Inc., a GI Partners portfolio company, has acquired DemandStar and will merge the business into GTY’s Bonfire eProcurement unit. The deal expands GTY/Bonfire’s public-sector sourcing footprint—together the combined business will serve roughly 1,900 state and local buying agencies and access a network of about 500,000 suppliers—to broaden eProcurement capabilities and supplier outreach for government buyers.

Wolfe, LLC has acquired Give InKind, a Tacoma-based social giving platform, through a wholly-owned subsidiary. The acquisition will allow Give InKind to leverage Wolfe's gift-card fulfillment, card-to-card gifting technology, and marketing capabilities to expand its platform and offer employee-support solutions to Wolfe's enterprise clients. Financial terms were not disclosed.

Vista Equity Partners completed a $93.50-per-share cash acquisition of Avalara, Inc., a cloud-based tax compliance software provider, in an all-cash buyout. The transaction takes Avalara private and will enable the company to accelerate product innovation and global expansion with Vista's software-focused operating expertise.

DexCare, a Seattle-based healthcare access technology company, has acquired Womp, Inc., the eCommerce and online merchandising technology firm behind WompHealth and WompMobile. The acquisition adds a proven digital storefront and mobile performance capabilities to DexCare’s Digital Discovery Solutions to improve patient digital discovery, booking and mobile experiences; Womp’s brands will remain independent subsidiaries and Womp CEO Madison Miner and his team join DexCare.

Homepage Universe Inc., a Los Angeles-based hosting operator, has acquired VPS Network Group ("VPS Net") from Cloud Equity Group in a full exit for the private equity firm. VPS Net is an international virtualization and bare-metal cloud hosting provider (including brands such as Virpus) and the deal is intended to expand Homepage Universe's virtualization capabilities across multiple technology stacks and geographies. Terms were not disclosed.

RealPage, a provider of property management software and data analytics, has agreed to acquire Knock CRM, a Seattle-based CRM and front-office technology provider for the multifamily industry. The acquisition will combine Knock's CRM suite with RealPage's AI, yield management and property management platform to create a connected front-office operating platform; financial terms were not disclosed.

CoreStack, a Bellevue-based multi-cloud governance provider, has acquired Optio3, an AI-powered operations management company headquartered in Seattle. CoreStack will acquire Optio3's technology, IP, and team (with Optio3 co-founder Sridhar Chandrashekar joining CoreStack as Chief Digital Officer) to accelerate its NextGen cloud governance capabilities across FinOps, SecOps, and CloudOps.

Envoy has acquired Seattle-based workplace management startup Worksphere and brought the Worksphere team into Envoy’s product organization to accelerate development of an enterprise-ready workplace platform. The move strengthens Envoy’s capabilities for large, complex customers by adding expertise in scalability, design, and workplace features such as desk/room booking, visitor check-in and analytics.

The Sage Group plc has agreed to acquire Lockstep, a Seattle-based provider of cloud-native accounting automation technology, to broaden Sage's office-of-the-CFO capabilities and expand its digital network for SMBs. Lockstep — which employs over 130 people and connects more than 26,000 businesses across 40+ accounting systems — will join Sage with its management team to accelerate connected accounting innovation.

MeetingPlay + Aventri (MPAV) has acquired eventcore, a Seattle-based event registration technology platform, to strengthen MPAV's end-to-end event management offering. The deal integrates eventcore's bespoke registration capabilities into MPAV's live, hybrid, and virtual event platform to better serve complex, enterprise-level events and trade shows.

RealWear has acquired Seattle-based Genba AI and received an additional $1.5 million Series C investment from Fortive Corporation. The deal brings Genba’s voice-enabled, speech-to-text SaaS for industrial maintenance into RealWear’s assisted-reality platform, accelerating RealWear’s shift to a platform-first SaaS strategy and opening new industrial channels (including a co-selling program with Fluke/eMaint).

CLEAResult, a leading North American energy efficiency and energy transition services provider, has acquired ChooseEV, a widely deployed electric vehicle (EV) education and market-awareness platform that serves over 300 utilities across the U.S. and Canada. The acquisition expands CLEAResult's Energy Transition capabilities by adding consumer-facing EV education tools and utility-focused engagement technology to accelerate EV adoption and support charging and fleet electrification initiatives.

saas.group has acquired Pipeline CRM, a Seattle-based CRM provider founded in 2006 that serves SMB sales teams. The acquisition will let saas.group expand its portfolio of founder-friendly SaaS businesses and invest in product development, expanded features, and enhanced customer support for Pipeline's SMB customers.

Francisco Partners has acquired Office Ally, a provider of cloud-based healthcare clearinghouse and revenue cycle management software. The investment will support Office Ally's product innovation and growth as founder Brian O'Neill retires and Chris Hart is named CEO.

Syncro, a Seattle-based RMM and PSA platform, has completed the acquisition of Watchman Monitoring, a SaaS provider that monitors the health of Mac and Windows computers. The deal retains all Watchman personnel, adds more than 400 customers, and will fold Watchman’s macOS-focused monitoring features into Syncro’s platform, making them available to Syncro customers at no additional cost.

IFS, the global cloud enterprise applications company, has acquired Customerville, a Design-Driven Feedback SaaS platform. The acquisition will integrate Customerville's voice-of-customer and interactive survey capabilities into IFS Cloud to strengthen customer engagement, feedback collection, and CX-driven product and service innovation.

FLASH, a provider of cloud-based parking and mobility solutions, has acquired OmniPark, a cloud-based parking enforcement and permit management software provider. The acquisition integrates OmniPark’s enforcement technology with FLASH’s payment and parking platform to create a fully digital, enforceable parking solution for ungated and gated surface lots and expand FLASH’s product capabilities for municipalities, airports, universities and private operators.

Zywave, a Milwaukee-based insurance technology provider, acquired Spokane, Washington–based IBQ Systems, an insurtech leader in personal lines comparative rating. The acquisition expands Zywave's carrier connectivity and combines IBQ's capabilities with Zywave's TurboRater to create a market-leading personal lines quoting solution for independent agents, particularly improving coverage options in the Pacific Northwest.

ESO, a data and software company serving emergency services and healthcare providers, has signed a definitive agreement to acquire Emergency Reporting, a leading cloud-based fire Records Management System (RMS). The deal — expected to close in Q3 — will combine the two companies' products and data to accelerate data standardization and expand capabilities across EMS, fire, hospital and public-safety customers.

Neiman Marcus Group announced its intent to acquire Stylyze, Inc., a Seattle-based, women-founded machine-learning SaaS platform that provides product attribution data and curated content to enhance personalized shopping experiences. The acquisition is intended to accelerate NMG’s digital capabilities as part of a broader investment program and was expected to close in the first quarter of fiscal 2022, subject to customary conditions.

Stackline, a Seattle-based ecommerce SaaS platform, received a $130 million strategic growth investment from TA Associates to accelerate product innovation and expand its global footprint. The capital will support continued product development and international expansion; Stackline was previously backed by a $50 million investment from Goldman Sachs Asset Management in 2020.

Avalara acquired the operational assets of DAVO Technologies LLC to expand its cloud-based sales tax compliance offerings for small businesses. DAVO's POS-integrated solution, which supports more than 4,000 small merchants, will be integrated into Avalara's broader tax compliance platform; financial terms were not disclosed.

ClimeCo purchased a minority stake in EarthUP, Inc., a Seattle-based startup that provides a web-based sustainability and employee engagement platform. Techquity is named as a founding investor and ClimeCo will provide environmental solutions to support EarthUP as it moves from pilot to public launch with a freemium, subscription-based reporting offering.

Cloud Equity Group and its portfolio company ComfortHost acquired the assets of Advantagecom Networks to expand ComfortHost’s global hosting footprint and add hardware-based virtualized cloud infrastructure capabilities. The deal is an add-on acquisition that keeps Advantagecom’s brand and existing team in place while expanding ComfortHost’s geographic presence into the U.S. Northwest and broadening its product offering.

Banzai, an enterprise SaaS provider of event marketing automation, has acquired High Attendance, a cloud-based virtual and hybrid event management platform. High Attendance's team of about 10 will join Banzai (headquartered in Austin) and its founder, Christopher Justice, will become Banzai's Vice President of Engineering as the companies integrate capabilities to offer unified virtual, hybrid and in-person event experiences.

CloudEngage, a web personalization platform, has acquired Seattle-based AnswerDash to add AI-powered self-service support and ecommerce solutions to its product suite. The deal is intended to integrate AnswerDash's predictive Q&A and automated support capabilities into CloudEngage's personalization and Chord live-chat offerings to improve conversion rates and reduce support costs.